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Bank of America laying off mortgage office workers In Wichita (90 jobs)

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 03:43 PM
Original message
Bank of America laying off mortgage office workers In Wichita (90 jobs)
http://www.kansas.com/mld/eagle/8811114.htm

About 90 full-time employees at Bank of America's consumer real estate fulfillment center in Wichita received layoff notices Tuesday.

Bob Vanderberry, a senior vice president at the bank, said the staff reduction was due to a downturn in mortgage refinances.

"Our volume is 45 to 50 percent of what it was a year ago," he said.

...more...
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mhr Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 03:46 PM
Response to Original message
1. Well UpInArms, I Figured Out My Problem, Those Charts Look Great
Edited on Tue Jun-01-04 03:46 PM by mhr
With new glasses.

Who knew?

Of course they are rose colored in nice designer frames!
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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 03:52 PM
Response to Reply #1
4. mhr - here's the chart that makes the most sense to me
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 03:47 PM
Response to Original message
2. My Neighbor worked for Washington Mutual
until Saturday when they called her and laid her off, she worked in the mortgage dept., they didnt even have the balls to do it in person.
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dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 04:16 PM
Response to Reply #2
8. Which state?
thanks.
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 04:16 PM
Response to Reply #8
9. California
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Just Me Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 03:48 PM
Response to Original message
3. The feds will save the banks,...not the people. *sigh*
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Beetwasher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 03:52 PM
Response to Original message
5. Housing Bubble Go Boom?
Uh oh...
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 03:54 PM
Response to Reply #5
6. The creeping mortgage rates
will hurt the housing market in a big way, i don't know how big an impact there will be but back in the 80's and early 90's people were upside down on their mortgages.
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kalian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 03:57 PM
Response to Original message
7. Well, given that mortgage apps have plummeted to like...ZERO....
I think they're "pre-emptively" laying off people... :eyes:
To be expected. And just wait until the housing construction starts
to tank....
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DUJunkie Donating Member (57 posts) Send PM | Profile | Ignore Tue Jun-01-04 04:16 PM
Response to Original message
10. Could not of happen to a nicer state.
You go Kansas and take all the red state with you! :toast:
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revree Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-01-04 04:30 PM
Response to Original message
11. Maybe they'll stop calling me about my late mortgage
due to outsourced job!
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